*Elinor Ostrom wins Nobel Prize in Economics*

October 14, 2009.  

*Elinor Ostrom wins Nobel Prize in Economics*


Elinor (Lin) Ostrom, a past president, founding member, and active inspiration to the International Association for the Study of the Commons (IASC) has been selected as a recipient of the 2009 Nobel Prize in Economic Sciences. In awarding the prize, the Royal Swedish Academy of Sciences <http://nobelprize.org/redirect/links_out/prizeawarder.php?from=/nobel_prizes/economics/laureates/2009/press.html&object=kva&to=http://www.kva.se/en/>

noted it is /"*for her analysis of economic governance, especially the commons*". /


“Many natural resources, such as fish stocks, pastures, woods, lakes, and groundwater basins are managed as common property. That is, many users have access to the resource in ques­tion. If we want to halt the degradation of our natural environment and prevent a repetition of the many collapses of natural-resource stocks experienced in the past, we should learn from the successes and failures of common-property regimes. Ostrom’s work teaches us novel les­sons about the deep mechanisms that sustain cooperation in human societies.”//


The theme of the award is */Economic governance: the organization of cooperation. /*


Prof. Ostrom shares the award with Oliver E. Williamson "for his analysis of economic governance, especially the boundaries of the firm"


The International Association for the Study of the Commons DEEPLY congratulates Dr. Ostrom for this well-deserved recognition of her research on “Governing the Commons”, and want to let her know how privileged we feel to have her as a mentor and colleague in IASC.

We encourage anyone interested in more information to read the prize committee’s excellent overviews of the contributions of these new laureates, with versions for the general public at




and for the scientific community at




Her first press conference is available at broadcast.iu.edu/ceremon/Nobel/index.html

If you want to write your congratulations to her our IASC blog is open for your messages at www.blogger.com/comment.g



Please visit our website regularly for updated information on IASC activities at: www.iascp.org